USD 3.15 billion
Food Processing Seals Market Size, Share, Growth Analysis, By Material(Metal, Face Materials, Elastomers), By Application(Bakery & Confectionery, Meat, Poultry & Seafood, Dairy Products), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2178 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
66
|Figures:
65
Food Processing Seals Market Insights
Global Food Processing Seals Market size was valued at USD 3.15 billion in 2022 and is poised to grow from USD 3.23 billion in 2023 to USD 3.93 billion by 2031, growing at a CAGR of 2.5% in the forecast period (2024-2031).
The industry's expansion is foreseen to be driven by the increasing adoption of the product as a measure to prevent food contamination and leaks. Furthermore, the growing market for packaged foods and beverages is poised to contribute to the augmentation of this sector. The enhanced living standards in prominent economies such as the U.S., China, India, the U.K., and Germany, coupled with increased disposable income, are expected to create a favorable environment for the demand of processed foods and beverages, consequently fostering market growth.
The U.S. market, valued at USD 329.4 million in 2019, is predicted to exhibit a CAGR of 2%. This growth trajectory is anticipated to be fueled by the escalating demand for bakery products and various packaged drinks, encompassing both alcoholic and non-alcoholic options. Additionally, the market stands to benefit from stringent regulations concerning the utilization of the product and its associated seal materials, thereby bolstering its growth prospects throughout the forecast period.
Nonetheless, the trend of rapid urbanization accompanied by shifting patterns in global food consumption is anticipated to provide impetus to the market growth. Moreover, the surging demand for baked products is anticipated to act as a catalyst for market expansion. These factors collectively contribute to the intricate landscape of opportunities and challenges that shape the trajectory of the food processing seals industry.
US Food Processing Seals Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Metal
Fastest Growth
Face Materials
Growth Rate
2.5% CAGR
Global Food Processing Seals Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Food Processing Seals Market Segmental Analysis
The global food processing seals market is segmented on the basis of materials, application, region. By materials, the market is segmented into metal, face materials, elastomers. By application the market is segmented into bakery & confectionery, meat, poultry & seafood, dairy products, beverages, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Food Processing Seals Market Analysis By Materials
The elastomers materials segment dominated the market accounting for over 74% of the total market share. It is predicted to continue its rapid expansion at a CAGR of 2.8%. This growth can be attributed to several factors. One significant factor is the exceptional chemical compatibility of elastomers, combined with their high rate of replacement when compared to alternative materials like metals, face materials, and others.
Elastomers possess remarkable resistance to various substances such as water, oils, greases, acids, and alcohols. This durability makes them highly sought-after for the manufacturing of seals, contributing to their increased demand. As a result of these factors, elastomers are expected to experience sustained growth in the foreseeable future.
Food Processing Seals Market Analysis By Application
The bakery and confectionery application segment secured a significant market share of over 30% and is poised to maintain its dominant position throughout the forecast period. This sustained prominence can be attributed to the escalating demand for bakery products, which is expected to be a driving force behind the segment's growth. As consumer preferences for baked goods continue to rise, the bakery and confectionery segment is projected to flourish, supported by this ongoing demand trend.
In contrast, the beverages application segment is forecasted to exhibit the most rapid CAGR. This acceleration is primarily a consequence of the escalating desire for both alcoholic and non-alcoholic packaged beverages. As lifestyles evolve and convenience becomes more pivotal, the demand for pre-packaged drinks is on the upswing, leading to the projected growth of this segment.
Global Food Processing Seals Market By Material
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Food Processing Seals Market Regional Insights
Europe assumed the leadership position in the global food processing seals market, commanding a substantial portion of the overall market share, exceeding 37%. This dominance is poised to endure throughout the forecast period, primarily driven by the escalating food production and processing activities within the region. Notably, the high consumption of fast foods in countries like Germany, the U.K., France, and other European nations is expected to be a key driver propelling the regional market.
Concurrently, the Asia Pacific region is anticipated to showcase the most accelerated CAGR. This momentum is attributed to the rapid urbanization experienced in developing economies such as China, India, Indonesia, and Japan. Moreover, the increasing demand for packaged foods in these regions plays a pivotal role in driving this growth. The amplifying per capita expenditure of consumers within the region is also anticipated to contribute to the advancement of the industry.
China notably commands a significant portion of the Asia Pacific regional market due to its rapidly expanding population and the corresponding surge in the demand for processed food products. As a result, China's market presence significantly influences the overall performance of the regional market.
The North American region is expected to undergo substantial growth as well, primarily due to the persistent demand for bakery items, meat and poultry products, and both alcoholic and non-alcoholic beverages. These factors collectively stimulate the demand for food processing seals within the region, contributing to its notable market expansion.
Global Food Processing Seals Market By Region
- Largest
- Fastest
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Food Processing Seals Market Dynamics
Food Processing Seals Market Drivers
Food Safety and Contamination Concerns
- Stringent regulations and increasing consumer awareness about food safety drive the demand for effective sealing solutions to prevent contamination and leakage in the food processing industry.
Urbanization and Changing Lifestyles
- Rapid urbanization and changing dietary habits lead to increased consumption of processed foods and beverages, fueling the demand for efficient processing and sealing solutions.
Food Processing Seals Market Restraints
Volatile Raw Material Prices
- Fluctuations in raw material costs, such as rubber and polymers, can impact the manufacturing costs of seals, potentially hindering market growth.
Health and Environmental Concerns
- Increasing consumer demand for healthy, organic, and fresh foods may limit the demand for processed and packaged products, affecting the need for food processing seals.
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Food Processing Seals Market Competitive Landscape
The global food processing seals market presents a dynamic competitive landscape characterized by the presence of several key players vying for market share. These players engage in strategic initiatives such as product innovation, mergers and acquisitions, and partnerships to gain a competitive edge. Companies focus on developing advanced sealing solutions that address the evolving needs of the food processing industry, including enhanced contamination prevention and leakage resistance.
Prominent participants in the market include both established manufacturers and emerging players, contributing to intense rivalry. Geographical expansion is a common strategy among these players to tap into new markets and broaden their customer base. Additionally, stringent food safety regulations worldwide drive the adoption of high-quality seals, intensifying competition.
Food Processing Seals Market Top Player’s Company Profiles
- Freudenberg Group (Germany)
- Parker Hannifin Corporation (United States)
- Trelleborg AB (Sweden)
- Flowserve Corporation (United States)
- James Walker Group (United Kingdom)
- SKF Group (Sweden)
- EagleBurgmann Germany GmbH & Co. KG (Germany)
- AESSEAL plc (United Kingdom)
- Garlock Sealing Technologies (United States)
- Meccanotecnica Umbra S.p.A. (Italy)
Food Processing Seals Market Recent Developments
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In February 2024, Ampack, an organization under Syntegon, is presenting another filling machine called the FBL for liquid food in HDPE, PP, and PET bottles. This expansion to their portfolio solidifies Ampack's position as a main global supplier for aseptic applications. The FBL machine can fill different items, for example, child food, clinical nourishment, milk and plant-based drinks, dairy items, and soups. It offers adaptability and cleanliness underway, including a neck-handling system for quick bottle design changes and a creative cleanliness and support approach. Ampack will grandstand this innovation at Anuga FoodTec in Cologne from March 19 to 22, proceeding with their progress in filling and fixing machines for preformed cups.
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In January 2024, more global brands are entering the Indian market, with significant gatherings like Dependence and Aditya Birla showing receptiveness to partnerships. Sandro and Maje are working together with Reliance Brands, while Galeries Lafayette has partnered with Aditya Birla Fashion and Retail and Foot Locker with Metro Brands. Sandro and Maje are set to send off at Jio World Plaza in BKC, Pull, and Bear at Phoenix Palladium in Lower Parel, and Galeries Lafayette will open at Fort in Mumbai not long from now.
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In March 2024, Amcor, an overall leader in packaging solutions, collaborated with Stonyfield Organic, a top natural yogurt producer, and Cheer Pack North America, a conspicuous Spouted Pouch Packaging Maker, to present the very first all-polyethylene (PE) spouted pouch. This collaboration unites three supportability champions to make a pivotal arrangement that offers a more eco-accommodating solution choice without sacrificing execution.
Food Processing Seals Key Market Trends
- Digitalization and Industry 4.0: Integration of digital technologies like IoT and predictive maintenance in food processing machinery influences the demand for smart seals that can provide real-time performance data.
- Global Supply Chain Optimization: Players are strategically expanding their global presence to better serve regional markets and leverage cost-effective production and distribution networks.
Food Processing Seals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global food processing seals market Analysis, the global food processing seals market showcases a dynamic landscape driven by the paramount importance of food safety, rising demand for packaged foods, and shifting consumption patterns. Stringent regulations and increasing consumer awareness underscore the need for effective sealing solutions to prevent contamination and leakage. The market's growth is fueled by urbanization, changing lifestyles, and the preference for convenient packaged foods. However, challenges such as volatile raw material prices and health-conscious trends may temper growth. Noteworthy trends include technological advancements, sustainability initiatives, and digital integration, shaping the industry's evolution. As key players compete and innovate to address these factors, the market's trajectory remains marked by opportunities tied to industry dynamics, consumer preferences, and global economic shifts.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.15 billion |
| Market size value in 2031 | USD 3.93 billion |
| Growth Rate | 2.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Processing Seals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Processing Seals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Processing Seals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Processing Seals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Processing Seals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Processing Seals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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